Corporate social responsibility and climate change mitigation: Discovering the interaction role of green audit and sustainability committee

IF 8.3 2区 管理学 Q1 BUSINESS
Kamran Mohy-ud-Din, Muhammad Shahbaz, Anna Min Du
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引用次数: 0

Abstract

This study explores the role of corporate social responsibility in bolstering firm resilience amid the escalating threats of climate change and climate policy uncertainties. Specifically, it assesses whether corporate social responsibility initiatives can act as strategic buffers enhancing corporate sustainability. The research utilizes a panel dataset comprising annual observations from 451 US-based firms over the period 2012 to 2023, yielding a total of 5412 firm-year observations. Our findings indicate that corporate social responsibility potentially reduces the detrimental effects of climate change and policy uncertainty. Furthermore, the study examines the interaction effects between sustainability committees and green audits on the efficacy of corporate social responsibility. Our results reveal that sustainability committees significantly strengthen the nexus between corporate social responsibility investments and effective climate change mitigation strategies, while green audits enhance firm capabilities to navigate climate policy uncertainties. Collectively, these findings suggest that robust corporate social responsibility practices contribute to corporate value creation in the face of climate-related challenges.

企业社会责任与减缓气候变化:发现绿色审计与可持续发展委员会的互动作用
本研究探讨了在气候变化威胁和气候政策不确定性不断升级的背景下,企业社会责任在增强企业应变能力方面的作用。具体而言,它评估了企业社会责任举措是否可以作为战略缓冲,提高企业的可持续性。该研究利用了一个面板数据集,其中包括2012年至2023年期间451家美国公司的年度观察结果,共得出5412家公司的年度观察结果。我们的研究结果表明,企业社会责任可能会减少气候变化和政策不确定性的有害影响。此外,本研究检视可持续发展委员会与绿色审计对企业社会责任效能的互动效应。我们的研究结果表明,可持续发展委员会显著加强了企业社会责任投资与有效的气候变化缓解战略之间的联系,而绿色审计则增强了企业应对气候政策不确定性的能力。总的来说,这些发现表明,面对与气候相关的挑战,强有力的企业社会责任实践有助于企业创造价值。
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来源期刊
CiteScore
17.20
自引率
16.30%
发文量
189
期刊介绍: Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.
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